Autodesk (NASDAQ:ADSK) reported fourth-quarter results that exceeded market expectations and issued fiscal 2027 guidance above analyst forecasts, lifting shares more than 2% in U.S. premarket trading.
The company posted adjusted earnings per share of $2.85, surpassing analyst estimates of $2.64. Revenue increased 19% year over year to $1.96 billion, also ahead of the $1.91 billion consensus projection.
For fiscal 2027, Autodesk guided adjusted EPS in a range of $12.29 to $12.56, well above the consensus estimate of $11.65. The company expects revenue between $8.48 billion and $8.58 billion, compared with analyst expectations of $7.97 billion.
Chief Executive Andrew Anagnost said Autodesk has spent more than a decade preparing its platform for cloud and artificial intelligence capabilities and is now focused on scaling and monetizing AI across its product portfolio.
Chief Financial Officer Janesh Moorjani said quarterly performance was supported by strong demand across architecture, engineering, construction and operations, with particular momentum in construction and emerging markets. He added that enterprise agreements, subscription billings and upfront revenue all came in ahead of expectations.
Autodesk noted that its fiscal 2027 outlook assumes continued solid underlying business momentum while factoring in temporary risks to billings and revenue tied to the rollout of a sales optimization initiative.
“In what has been a challenging environment for software, Autodesk delivered one of the cleanest prints in our coverage driven by better execution, and a stronger demand environment while simultaneously taking the right steps to reignite new business growth and position the company to be an AI winner,” analysts at Wolfe Research including Joshua Tilton said in a note.